N.Z. GUARANTEE CORPORATION LIMITED

Wanganui Chronicle, Volume LXXXII, Issue 19446, 4 November 1925, Page 9

N.Z. GUARANTEE CORPORATION LIMITED

The second annual general meeting of shareholders was held at the Accountants’ Chambers, Johnston Street, Wellington, on October 15. One hundred and fifty-four shareholders attended in person and by proxy, and the Rt. Hon. Sir J. G. Ward, Bart. P.O. presided. The directors reported a satisfactory year, and that the whole of the capital of the corporation, £500,000, had been subscribed and allotted. It is interesting to note that there are now 1063 shareholders. They recommended the payment of additional dividends totalling £10,591 9s 9d, and the writing off of 25 per cent, of preliminary and establishment expenses, and the transfer of £15,000 to reserve. The whole of the recommendations of the directors were carried unanimously, land the two directors, Sir J, G. Ward and Mr. Will Appleton, who re tired in accordance with the articles of association, were re-elected. The auditors, Messrs Watkins, Hull, Hunt and Wheeler, wore also re-elect-ed. The sum of £3,493 12s 4d has been carried forward.